California insurance companies have already paid $4.2 billion in L.A. wildfires
Insurance companies have already paid $4.2 billion claims to survivors of the Los Angeles wildfires, according to the California Department of Insurance. The figure, current as of Jan. 27, includes the costs of evacuation expenses and advance payments for lost personal belongings — it doesn’t reflect the additional billions insurers are expected to pay once debris removal and rebuilding begin.